UK Cost of Living: Energy Bills Set to Soar £500 by January as Interest Rates, Diesel and Boiler Costs All Rise

Families face the most expensive winter since 2022/23, with the IPPR warning energy bills could jump by nearly £500 in January as the Iran conflict ripples through wholesale gas markets. KPMG forecasts UK growth at 1.3% for 2026 but warns "households' spending power is likely to come under increasing pressure" as the Ofgem price cap is expected to rise by roughly 4% in October.

The Double Hit

Households risk being "hit twice" — first through soaring...